Abimbola Babalola, the amended stratification of price movements, price limits and tick sizes aims at improving liquidity, narrowing spreads, and ensuring that all price improving (up/down) transactions are material, making the market more efficient for all participants.

Soleil said the daily price limit at other stock exchanges in the region have been higher than the original CSX limit, with Thailand's set at 30 percent while both Vietnam and Laos have theirs set at 10 percent.

But the company now says it will not be applying to regulator Ofwat for a review of price limit. The company, which supplies 4.2 million customers across the Midlands and parts of Wales, said in a statement that extra investment and costs "will not be passed on to customers".

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